Komal Sri-Kumar of Sri-Kumar Global Strategies said on Monday the Greece default is certain and the only question left is when it will happen.
“The sooner it happens, the better for everybody because you will face reality rather than keep going through with the stagnation for a much longer time,” he said in an interview on CNBC’s “Power Lunch.”
Sri-Kumar was in Greece last week to discuss debt payments with senior Greek officials, as well as talk to people in the private sector, such as the large banks. He said the Greek government’s move last week to pay back some debt from an IMF holding account was a sign that “there is nothing left.”
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